The transition from socialism to a market economy has transformed the lives of many people. What are people's perceptions and attitudes to transition? What are the current attitudes to market reforms and political institutions?To analyze these issues, the EBRD and the World Bank have jointly conducted the comprehensive, region-wide "Life in Transition Survey" (LiTS), which combines traditional household survey features with questions about respondents' attitudes and is carried out through two-stage sampling with a random selection of households and respondents.The LiTS assesses the impact of transition on people through their personal and professional experiences during the first 15 years of transition. LiTS attempts to understand how these personal experiences of transition relate to people’s attitudes toward market and political reforms, as well as their priorities for the future.The main objective of the LiTS was to build on existing studies to provide a comprehensive assessment of relationships among life satisfaction and living standards, poverty and inequality, trust in state institutions, satisfaction with public services, attitudes to a market economy and democracy and to provide valuable insights into how transition has affected the lives of people across a region comprising 16 countries in Central and Eastern Europe (“CEE”) and 11 in the Commonwealth of Independent State (“CIS”). Turkey and Mongolia were also included in the survey.